Turmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of directors, corporate governance experts said this week. Ghosn, long seen as a superstar of the global auto industry, was arrested last month after allegedly under reporting compensation and misusing assets...

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I think there is a clear issue of internal controls in that company that they're not properly addressing.

If the board really didn't know about that, and maybe they really didn't know about that, then that doesn't speak ... very highly of their internal controls, or their governance.

I think it is extremely unlikely that the board did not know about this.

Because the reality is any board, whether it is a purely local Japanese company or whether it is an international, global company, whatever corporation you run, the executive compensation and CEO compensation is an extremely important issue.

If Nissan was badly governed, then the blame should rest squarely on the shoulders of its foreign majority shareholders.